Morgan Stanley announces revised bonus practices

The Wall Street investment bank outlines a compensation plan that pays executives incentive compensation over three years based on defined performance parameters for the individual and the firm.

As compensation on Wall Street continues to be hotly debated, Morgan Stanley has issued revised guidelines for paying its people.

Starting this year, executive compensation for Morgan Stanley employees will comprise three elements a base salary which is fixed, an annual bonus and a long-term performance-based compensation. The investment bank did not outline how incentive compensation will be divided between the latter two components.

Morgan Stanley says its new multi-year performance plan ties stock awards to the company's performance over...

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